MOLOT (6) b Assume the partnership income-sharing agreement calls for Income to be divided with a salary of $34,000 to Coburn and $26,000 to Webb, with the remainder divided 40% to Coburn and 60% to Webb Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered Do not inden manly) Account Titles and Explanation Debit Credit Income Summary Coburn Capital Webb Capital e Textbook and Media Save for Later Attempts: 0 of 3 used Submit ch ORA 36F 0 0 1 8.25/33 Ili View Policies Show Attempt History Current Attempt in Progress Coburn (beginning capital $59.000) and Webb (beginning capital $95.000 are partners. During 2022, the partnership earned net Income of $68,000, and Coburn made drawings of $17,000 while Webb made drawings of $25,000 (a) Your answer is correct. Assume the partnership income-sharing agreement calls for income to be divided 40% to Coburn and 60% to Webb Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manual Account Titles and Explanation Debit Credit Income Summary 68000 Cobum. Capital 27200